Computer-Aided Design Market Size 2023, Trend Analysis, Share Estimation, Demand and Supply with Regional Forecast by 2030 | Autodesk, Inc., Bentley Systems, Inc., CAD International

Introduction
The global computer-aided design (CAD) market is experiencing steady growth, driven by the advantages offered by CAD software in terms of improved design quality, increased efficiency, and error detection. The market size reached US$ 8.9 billion in 2021 and is projected to reach US$ 14.9 billion by 2030, with a compound annual growth rate (CAGR) of 7.1% during the forecast period from 2022 to 2030. This report provides an overview of the market, including its size, growth potential, key factors influencing market growth, regional analysis, impact of COVID-19, competitors, and market segmentation.

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Market Overview
Computer-aided design (CAD) software allows designers to model and design products, helping in error identification and rectification before the creation of physical prototypes. CAD software improves efficiency, quality, and communication through documentation and database creation. The wide range of applications in industries such as automotive, construction, healthcare, electronics, aerospace, and defense drives the growth of the CAD market. Furthermore, the demand for design software packages and investments in the sector contribute to market growth.

Factors Influencing Market Growth
Several factors influence the growth of the CAD market:

Advantages of CAD software, including improved design quality, increased efficiency, and effective communication, drive market growth.
Wide-ranging applications of CAD in industries such as automotive, construction, healthcare, electronics, and aerospace create growth opportunities.
Rising disposable income, new product launches, and research and development activities stimulate market growth.

Regional Analysis
North America is expected to dominate the CAD market due to the adoption of advanced technology in sectors such as architecture, automotive, construction, engineering, manufacturing, healthcare, and media & entertainment. Initiatives by the US government to integrate digital solutions in manufacturing further contribute to market growth. The Asia-Pacific region, with highly populated countries like China, Japan, and India, is projected to experience significant growth due to investments in construction, defense, and automotive industries.

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COVID-19 Impact Analysis
The COVID-19 pandemic had a negative impact on the CAD market as most end-use industries witnessed a decline in revenue. The electrical, automotive, construction, and industrial equipment industries, which heavily rely on CAD, experienced a decrease in revenue due to labor and raw material shortages. The market growth was hampered by the disruption caused by the pandemic.

Competitors in the Market
The global CAD market features several key players, including:

Autodesk, Inc.
Bentley Systems, Inc.
CAD International
Dassault Systèmes
Encore Software
Graebert GmbH
Hexagon AB
Oracle
PTC
Siemens
Trimble Inc
TurboCAD
Other prominent players

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Market Segmentation
The market segmentation for CAD is based on the following factors:

Component: Software, Services

Technology: 3D Technology, 2D Technology

Application: 3D Printing, Assembly, Surface
Modeling, Reverse Engineering, Drafting Detailing, Others

Industry: Electrical and Electronics, Automotive, Construction, Industrial Equipment, Media & Entertainment, Others

Region: North America (U.S., Canada, Mexico), Europe (UK, Germany, France, Italy, Spain, Rest of Western Europe, Poland, Russia, Rest of Eastern Europe), Asia Pacific (China, India, Japan, Australia & New Zealand, ASEAN, Rest of Asia Pacific), Middle East & Africa (UAE, Saudi Arabia, South Africa, Rest of MEA), South America (Brazil, Argentina, Rest of South America)

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